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A public utility intends to buy a turbine as part of an expansion plan and must now decide on the number of spare parts to order. One part, no.X135, can be purchased for $100 each. Additional carrying costs of each spare part is estimated to be $145 dollars over the life of the turbine. Un-used spare part has no salvage value. A stockout would cost roughly $8000 due to downtime, order, and special purchase factors. Historical records based on the performance of similar equipment operating under similar conditions suggest that demand for spare parts will approximate the distribution listed in the table below (non-normal). a. What is the optimal number of spares to order? b. What is the actual service level as a result of a?
Identify and discuss the main fixed costs in the motor carrier industry (TL, LTL, etc
What are the key questions to be answered by most inventory control models?
The Customers First work group studied the high number of customer complaints about our Service Center and categorized the causes into four major groups.
Which type of activity is found in the example of using statistics to determine that a manufacturing process is currently in need of repair? A local district suspect that outdated textbooks affect student scores. Which analysis technique would be use..
What is the regulatory definition of “cost or pricing data”?
Show your supporting calculations. If construction manager were an optimist, illustrate what criterion would he choose. Illustrate what would be choice of dwelling for that criterion. Show your supporting calculations.
Why do individual businesses champion green causes and work-family accommodations while the Chamber of Commerce fights these initiatives aggressively
What is a law review article? What is your opinion of a limited liability company?
A strategy audit involves assessing the actual direction of a business and comparing that course to the direction required to succeed in a changing environment. A company's actual direction is the sum of what it does and does not do, how well the ..
Evie agrees to work for Far East Shipping, Ltd., as a translator. In determining whether a contract has been formed, an element of prime importance is
Defining the support requirements, identifying resources to support the system, providing support training, and initiating ongoing support are all parts of the:
Think about what value and utility the firm is emphasizing, and how they communicate their value proposition.
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